The Strange Myth of Adam Smith Makes Those Who Are Paid to Specialize Poorer and Perpetuates the unfair distribution of Wealth through history

We know that technologies join to form advantages for firms and people who use them in a combined way. The farce in economics was to believe that specialization was the best route for a society when history has shown us that firms and people who do not specialize can do better over the long term. The history of the product life cycle within economies shows us that the joining of sciences is the best way forward. The rich become richer and dominate not because they specialize, but because they employ others to specialize while grabbing the fruits of others narrowing their focus. For a more even distribution of incomes one has to see a decline in specialization. In fact, specialization seems to lead to poverty more often than it leads to wealth. So the economic myth of Adam Smith is just that a stupid myth that has made us poorer than we would otherwise be? Or, am I teasing?

http://www.time.com/time/magazine/article/0,9171,759590,00.html

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